Brand-New Fully Furnished 2-Bedroom Apartment in JVT – Distress Price AED 899,000

Property Overview

This brand-new, fully furnished 2-bedroom apartment of 740 sq ft in Jumeirah Village Triangle (JVT) is offered at AED 899,000, about AED 1,215 per sq ft. The agent describes it as a hot distress sale below the original purchase price and puts its market value at AED 1.5–1.6 million.

Property Highlights

• Asking price: AED 899,000
• Agent-stated market value: AED 1,500,000–1,600,000
• Size: 740 sq ft (agent-stated)
• Rate: approximately AED 1,215 per sq ft (calculated)
• Bedrooms: 2
• Furnishing: fully furnished (agent-stated)
• Condition: brand new (agent-stated)

Why This Listing Is Classified as Below Market

The agent states the price is below the original purchase price, but the original price was not supplied, so DPF cannot verify or calculate that discount. The agent also gives a market value of AED 1.5–1.6 million; at the lower end, the asking price would be AED 601,000 (40.1%) below that estimate.

That market figure implies roughly AED 2,027 per sq ft, which is high for a compact 2-bedroom in JVT, while the asking rate of about AED 1,215 per sq ft is closer to typical community levels. Buyers should treat the market estimate with caution and check recent DLD-registered 2-bedroom sales in the same building and in JVT generally.

About Jumeirah Village Triangle

Jumeirah Village Triangle is a residential community by Nakheel, laid out in districts of villas, townhouses and low- to mid-rise apartment buildings, with parks and neighbourhood retail. It sits between Sheikh Mohammed Bin Zayed Road and Al Khail Road, next to Jumeirah Village Circle and near Dubai Sports City.

Layout and Furnishing

The agent describes a 740 sq ft 2-bedroom apartment, brand new and fully furnished. At 740 sq ft this is a compact 2-bedroom layout. The building name, floor, view, bathroom count and parking were not supplied; request the floor plan, title or SPA details and a furniture inventory.

Handover and Transfer

The agent describes the unit as brand new. Confirm whether it has been handed over and the title deed issued, any balance owed to the developer, occupancy and service charges before signing.

Location and Connectivity

JVT connects to Sheikh Mohammed Bin Zayed Road and Al Khail Road. DPF has not verified journey times, as the building was not named.

Verification Notes

• Agent-supplied: JVT location, bedrooms, size, price, hot distress below OP, AED 1.5–1.6M market value, fully furnished, brand new.
• Calculated by DPF: price per sq ft, difference against the lower market estimate and implied market rate.
• External research: none; JVT description is general community knowledge.
• Not supplied: building name, original price, floor, view, bathrooms, parking, title deed status.